Mozambique: Sixth Review Under the Policy Support Instrument, Second Review Under the Arrangement Under the Exogenous Shocks Facility, and Request for a Three-Year Policy Support Instrument: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mozambique

IMF Staff Country Reports, June 23, 2010

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Canonical URL: Mozambique: Sixth Review Under the Policy Support Instrument, Second Review Under the Arrangement Under the Exogenous Shocks Facility, and Request for a Three-Year Policy Support Instrument: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mozambique

Mozambique showed considerable resilience to the global crisis.
The government responded to the crisis by promptly easing macroeconomic policies.
The Policy Support Instrument (PSI) provided an effective and flexible framework to guide policies during the crisis.
Program performance under the PSI has been strong.
Donor support was temporarily halted over governance concerns, but has resumed.
Mozambique’s economic performance and track record of macroeconomic stability over the last decade and a half have been impressive, making the country a prime example of a mature stabilizer.

The Policy Support Instrument (PSI) is identified as an effective and flexible framework for guiding macroeconomic policies during the crisis.
Program performance is characterized as strong under the PSI.
Government action: prompt easing of macroeconomic policies in response to the global crisis.

Donor support: temporarily halted due to governance concerns; subsequently resumed.

_cr10174 — Executive Summary
- _cr10174 — Executive Summary (Markdown version)
- _cr10174 — Executive Summary (PDF)